MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
The P18.9-billion deficit — from revenues of P472.3 billion and expenditures of P491.2 billion — markedly declined from June’s P241.6-billion deficit and July 2024’s P28.8-billion shortfall.
Year to date, the budget balance remained in deficit at P784.4 billion, higher than the P642.8 billion seen in the same period last year.
July revenues were up 3.26 percent from last year's P457.4billion. Taxes accounted for almost all of the month’s revenues at P423.0 billion.
Budget shortfall narrows in July, This news data comes from:http://iaxijvt.xs888999.com
To date, revenues and expenditures were 4.82 percent and 8.22 percent higher than P2.61 trillion and P3.25 trillion, respectively, recorded from January to July last year.
- Marcos names Dizon as DPWH secretary
- LTO summons driver who berated MMDA enforcer
- Sotto files bill to amend party-list system
- Napolcom welcomes Nartatez’s move to recall Torre’s reassignments
- Japan PM decides to quit as opponents seek leadership election
- Maduro calls for dialogue hours after Trump’s threat
- SEARCH WARRANT
- PH eyes global partners in biggest railway project
- Afghanistan earthquake kills more than 800
- Trump stamps 'dictator chic' on Washington
